Note 14 - Taxation (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Schedule Of Taxes Payable [Table Text Block]

	As of December 31,
	2021		2020
	US$(’000)		US$(’000)
Turnover tax and surcharge payable		1,414		1,353
Enterprise income tax payable		2,120		2,077
Taxes payable		3,534		3,430

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Year Ended December 31,
	2021			2020
	US$(’000)			US$(’000)
Pre-tax loss		(2,511	)		(5,078	)
U.S. federal rate		21	%		21	%
Income tax benefit computed at U.S. federal rate		527			1,066
Reconciling items:
Rate differential for foreign earnings		(131	)		74
Preferential tax treatment effect		-			(205	)
Tax effect on non-taxable change in fair value of warrant liabilities		2,379			137
Tax effect enactment of new tax rate of a VIE		683			-
Provision of valuation allowance on deferred tax assets		(2,312	)		(917	)
Expired tax attribute carryforwards		(1,358	)		(372	)
Tax effect on other non-deductible expenses/non-taxable income		35			74
Effective income tax expense		(177	)		(143	)

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Year Ended December 31,
	2021			2020
	US$(’000)			US$(’000)
Current		-			-
Deferred		(177	)		(143	)
Income tax expense		(177	)		(143	)

Schedule Of Deferred Tax Assets [Table Text Block]

	As of December 31,
	2021			2020
	US$(’000)			US$(’000)
Tax effect of net operating losses carried forward		12,130			10,123
Operating lease cost		23			-
Bad debts provision		559			728
Valuation allowance		(12,271	)		(10,245	)
Total net deferred tax assets		441			606